|
very_452001 (OP)
|
 |
August 17, 2017, 11:30:59 PM |
|
Hi, Looking at the top 2 on coinmarket is bitcoin and ethereum. Both are mineable and have a low max supply in millions not billions or trillions. What gives a coin more value is the effort involved into getting them (mining). Is this true or false? Im looking at NEO altcoin on coinmarketcap and it has a * next to it that indicates it's not mineable and has a circulating supply of 50million and max supply of 100million. If it is not mineable then who has the remainder 50million neo coins? Also NEO value has shot up recently and thinking how its increased in value so quick especially when its not mineable. Not understanding  |
|
|
|
|
|
|
|
|
|
|
|
|
|
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
spitefulham
Newbie
 Offline
Activity: 37
Merit: 0
|
 |
August 17, 2017, 11:54:18 PM |
|
Hi, Looking at the top 2 on coinmarket is bitcoin and ethereum. Both are mineable and have a low max supply in millions not billions or trillions. What gives a coin more value is the effort involved into getting them (mining). Is this true or false? Im looking at NEO altcoin on coinmarketcap and it has a * next to it that indicates it's not mineable and has a circulating supply of 50million and max supply of 100million. If it is not mineable then who has the remainder 50million neo coins? Also NEO value has shot up recently and thinking how its increased in value so quick especially when its not mineable. Not understanding Ethereum has around %15 inflation because of unlimited token cap. Being mineable indirectly effects the price, but to better or worse? That's quite hard to know. My opinion is it doesn't matter, market decides the price of tokens, and unless mining creates a huge inflation who really cares about what is mineable and what isn't in the market? Ethereum is about to become POS, by the way. At first it will be POS+POW, but in the future ethereum mining might completely die. |
|
|
|
|
notbatman
Legendary
Offline
Activity: 2212
Merit: 1038
|
|
August 17, 2017, 11:56:03 PM |
|
Yes, PoW coins are worth more due to miner action.
|
|
|
|
|
|
btct22
|
|
August 18, 2017, 12:02:16 AM |
|
Have you checked out PoS coins with masternodes, they also generate new coins but without mining gear. http://masternodes.pro/ The ROI on some of these is pretty good. I'm a Crave fan (Low coin count, low masternode requirements, reasonable price and market cap) but there's other coins on there worth looking into. |
|
|
|
|
GeePeeU
Sr. Member
Offline
Activity: 538
Merit: 251
ASK
|
|
August 18, 2017, 12:14:40 AM |
|
Unless a coin has a ingenious or needed function, having a coin that is minable means that electricity is involved to mine said coin.
So said coin needs to be worth more than the electricity it takes to mine it, otherwise "minting" of said coin will come to a halt. And if the coin is 100% POW, the network comes to a stand still also.
|
|
|
|
jk_14
Legendary
Offline
Activity: 1292
Merit: 1000
|
|
August 18, 2017, 12:38:04 AM |
|
The price of any good is always determined by supply vs demand. That said, a coin that can only be obtained via mining should trade above the mining cost in the long term. In reality however, there are many other factors that influence the price, so in general you can't make any meaningful predictions about the value of a coin solely based on whether or not it's mineable.
|
|
|
|
|
|
very_452001 (OP)
|
|
August 18, 2017, 10:16:48 AM
Last edit: August 18, 2017, 11:06:07 AM by very_452001 |
|
Hi, Looking at the top 2 on coinmarket is bitcoin and ethereum. Both are mineable and have a low max supply in millions not billions or trillions. What gives a coin more value is the effort involved into getting them (mining). Is this true or false? Im looking at NEO altcoin on coinmarketcap and it has a * next to it that indicates it's not mineable and has a circulating supply of 50million and max supply of 100million. If it is not mineable then who has the remainder 50million neo coins? Also NEO value has shot up recently and thinking how its increased in value so quick especially when its not mineable. Not understanding Ethereum has around %15 inflation because of unlimited token cap. Being mineable indirectly effects the price, but to better or worse? That's quite hard to know. My opinion is it doesn't matter, market decides the price of tokens, and unless mining creates a huge inflation who really cares about what is mineable and what isn't in the market? Ethereum is about to become POS, by the way. At first it will be POS+POW, but in the future ethereum mining might completely die. Really Ethereum has a unlimited supply? Never knew that. Does not make sense how it has a current low circulating supply and a high value price if it is unlimited supply? Ok when you think Ethereum will become POS? Will POS+POW or just POS will make Ethereum less valuable? Bitcoin is POW and should I use bitcoin as a benchmark to judge value to other Alts? Bitcoin is POW, has a low total supply cap, decentralised and has real world usages hence its at number 1 market cap now. Which other coins have similar or better characteristics like bitcoin but has a unique real world usage instead of copying bitcoin? |
|
|
|
|
|
very_452001 (OP)
|
|
August 18, 2017, 11:11:10 AM |
|
Unless a coin has a ingenious or needed function, having a coin that is minable means that electricity is involved to mine said coin.
So said coin needs to be worth more than the electricity it takes to mine it, otherwise "minting" of said coin will come to a halt. And if the coin is 100% POW, the network comes to a stand still also.
Ok in summary of my understanding from your post is if mineable POW coins are worth less than electricity then mining will come to a stop and the whole coin network will collapse/crash? Also what if in the future that electricity becomes cheaper like electricity obtained by wind/solar etc, will that make POW mineable coins less valuable? |
|
|
|
|
|
Uhde
|
|
August 18, 2017, 01:26:52 PM |
|
Hi, Looking at the top 2 on coinmarket is bitcoin and ethereum. Both are mineable and have a low max supply in millions not billions or trillions. What gives a coin more value is the effort involved into getting them (mining). Is this true or false? Im looking at NEO altcoin on coinmarketcap and it has a * next to it that indicates it's not mineable and has a circulating supply of 50million and max supply of 100million. If it is not mineable then who has the remainder 50million neo coins? Also NEO value has shot up recently and thinking how its increased in value so quick especially when its not mineable. Not understanding All generalizations are false, including this one.  Mining is a factor of course but it is not an enough input to make an estimations about the price and trend. |
|
|
|
|
European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
|
August 18, 2017, 01:38:14 PM |
|
Yes, PoW coins are worth more due to miner action.
why? |
|
|
|
|
|
very_452001 (OP)
|
|
August 18, 2017, 05:30:38 PM |
|
Gold Silver requires mining. Imagine gold and silver where above the ground that does not require mining then would gold/silver be cheaper?
|
|
|
|
|
|
